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Schroder Indirect Real Estate Fund celebrates benchmark outperformance over 10 years

13th May 2014 Print

Schroders is announcing the 10 year anniversary of its Schroder Indirect Real Estate Fund (SIRE), an open-ended UK Multi-Manager property fund of funds.

The fund has delivered an annualised return of 4.7% since inception outperforming both its benchmark (4.1% p.a.) and target. SIRE is a diversified fund of property funds providing exposure to the UK property market and is available to both domestic and international investors.
Schroders Property Multi-Manager approach offers benefits that investors cannot necessarily achieve by investing in standalone funds. The scale of the Schroder Property Multi-Manager business enables it to add value through accessing funds more cost effectively on the secondary markets and structuring funds where there are opportunities but no easy way to access them. These initiatives have resulted in strong, long-term performance for our multi-manager clients and provide clear evidence that this strategy can be achieved net of all fund costs.
Graeme Rutter, Head of Property Multi-Manager at Schroders, commented: “The performance of SIRE over the last ten years is testament to the benefits of the Property Multi-Manager approach to property investing and the high quality stewardship of Jennifer Murray,  Fund Adviser.  The fund has successfully manoeuvred the economic downturn in 2008 which saw the property sector struggle. 

“Our robust investment process, twinned with our broad research capability as part of the wider Schroders Property Division, has enabled us to select ‘best in class’ property funds in the right sectors for various stages of the property cycle.  This has resulted in a solid track record and, with the UK economy gaining momentum, we believe the fund is well positioned to continue to aim to deliver strong returns.”
Jennifer Murray has been the Fund Adviser since 2005. SIRE offers investors access to over £15 billion of UK property. The fund invests in a selection of balanced and specialist funds diversifying investors’ exposure to tenant, property and investment style concentration.